Stocks headed for a flat open on Friday as upbeat housing data for June counteracted worry over the quality of corporate profits from General Electric Co and Google Inc .
Stock index futures briefly trimmed losses on Friday following a government report showing new U.S. housing starts and permits jumped more than expected in June.
Citigroup Inc on Friday reported quarterly earnings.
U.S. Treasury Secretary Timothy Geithner is more optimistic on the economic outlook than he was three months ago, he said in an interview with French newspaper Le Monde published on Friday.
Stock index futures fell on Friday as caution took root following four days of gains, after General Electric Co's quarterly earnings sank and Google Inc pointed to weaker advertising and revenue growth, despite beating expectations.
Bank of America Corp posted a quarterly profit that topped Wall Street forecasts, but the largest U.S. bank warned of a fresh surge in troubled loans from credit card, mortgage and business customers due to the weak economy.
Oil slipped below $62 a barrel on Friday, undermined by concerns over the outlook for the world economy, a stronger dollar and some selling pressure after four days of gains.
Bank of America Corp posted a lower quarterly profit on Friday, hurt by a surge in troubled loans as more credit card and mortgage customers fell behind on payments.
(Corrects profit decline before preferred stock divideds to 5 percent from 7 percent, in 3rd paragraph)
Stock index futures fell on Friday after General Electric Co's quarterly earnings sank and Google Inc, despite beating profit expectations, pointed to weaker advertising and revenue growth.
Bank of America Corp posted a lower quarterly profit on Friday, hurt by a surge in troubled loans as more credit card and mortgage customers fell behind on payments.
S&P 500 stock index futures extended losses on Friday on caution over how long the market's recent run-up would last, following General Electric Co and Bank of America Corp quarterly results.
Bank of America Corp on Friday reported second-quarter results.
U.S. banks, at the center of the world's financial crisis, will command investor focus on Friday with Bank of America and Citigroup results following strong showings from their peers.
U.S. banks, at the center of the world's financial crisis, will command investor focus on Friday with Bank of America and Citigroup results following strong showings from their peers.
Dow Jones futures were down 0.01 percent by 4.38 a.m. ET while S&P 500 futures ticked down 0.05 percent and Nasdaq futures rose 0.3 percent, suggesting a mixed start for U.S. stocks on Friday after four days of gains.
World stocks hit a one-month high on Friday on growing optimism that the earnings season may turn out to be better than expected, while investors set their eyes on giants such as Citigroup for clearer market trend.
Oil fell below $62 a barrel on Friday amid lingering skepticism over the pace of a global economic recovery, but prices are on track to snap four straight weeks of decline to post a weekly gain.
Investors were looking to Bank of America and Citigroup for a fresh dose of earnings optimism on Friday, after strong reports from JPMorgan Chase and IBM raised hopes for a global recovery.
Symbian, the mobile phone web OS Company for a large number of the world's phones will begin working on the development of mobile applications.
Oil fell toward $61 a barrel on Friday amid lingering skepticism on the pace of a global economic recovery, but prices are on track to snap four straight weeks of decline to post a weekly gain.
The two main regulators of U.S. financial markets should merge, the chief executive of America's largest options exchange says in remarks to be delivered to a congressional panel on Friday.
With the smell of fat bonus checks again wafting down Wall Street, the Obama administration and Democrats in Congress on Thursday moved closer to a clampdown on U.S. corporate executive pay.
CIT Group Inc stood on the brink of bankruptcy on Thursday after rescue talks with the government collapsed and the specialty lender's bondholders convened emergency talks among themselves.
Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the financial crisis, said on Thursday that the worst of the turmoil has passed.
Former U.S. Treasury Secretary Henry Paulson admitted on Thursday before lawmakers that he had initially underestimated the extent of the financial crisis and described the financial markets at the time as being driven by fear and uncertainty. Paulson said it was appropriate for the government to ensure that Bank of America did go through with the deal.
Escalating fears about a potential bankruptcy of embattled U.S. lender CIT Group caused its debt to sell off steeply on Thursday and its shares to plummet after it said government bailout talks had ended.
U.S. lawmakers on Thursday ripped into former Treasury Secretary Henry Paulson over the government's role in Bank of America's merger with Merrill Lynch and other actions to cope with the deep financial crisis that gripped the country last year.
The number of Americans filing for jobless benefits fell to the lowest level since January last week, a decline linked to upheaval in the auto industry, while a key regional manufacturing index slipped more than expected in July, reports showed on Thursday.
U.S. stocks rallied for a fourth day on Thursday after JPMorgan's strong results fed growing optimism about the quarterly earnings season and technology shares rose in anticipation of more good news.
